What is a computer miner
mining: that is, bitcoin mining, is a process of using computer hardware to calculate the location of bitcoin and obtain it
unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million
mining machine is a tool for procing and mining bitcoin
First of all, when it comes to mining, bitcoin is indispensable. In fact, this problem is very simple. Any currency, including bitcoin, Leyte coin and infinite coin, is not created without any reason. Bitcoin must be generated by computer calculation. This method of generating bitcoin is called "mining". So how do indivials use computers to mine? Let's learn about it
As long as there is a computer that can access the Internet and download the bitcoin program from the bitcoin website, the first run will generate a digital account, and then keep running, the program will constantly calculate a series of "mathematical problems". When you have successfully calculated "a mathematical problem", the program will continue to run, It's possible to get a certain amount of bitcoin bitcoin
so bitcoin has high requirements for computer performance, and now it is generally collective mining, and personal computer mining seems to be out of fashion, or even no longer. To participate in mining, it is best to join some mining groups
the data of bitcoin is distributed on every client with wallet installed all over the world. Every transaction will be calculated in the whole network, and the fees you pay and the corresponding algorithm will ensure that the miners will get the corresponding remuneration
Bitcoin is a P2P network. Just like the familiar BT download mode, in order to keep the network running, it is necessary to always keep someone online to upload and share data with others. Therefore, the publishers of BT seeds often ask the sowers to be "Sowers" on the forum, but in fact, BT seeds are often broken. People are selfish. You can't ask everyone to contribute their resources for free, My computer is on. It costs at least electricityand the bitcoin network, like the BT download, needs "miners" to contribute their computer resources for calculation to ensure the operation of the bitcoin network. If the people who contribute resources like the BT download do not get the benefits, the bitcoin network will die. So the issue of bitcoin is designed that whoever contributes computing power to keep the bitcoin network running can get the fee paid by the network - bitcoin
3. Let's take another example. Our banks need fees to maintain their operation. We all know that bank transfer fees start from 2 yuan, and a card costs 10 yuan a year. But these fees are really the fees that banks need to maintain their operation, otherwise the bank will go bankrupt
In fact, we all know that these fees are reced in various forms. We can consider another mode: all services of banks are free, but as compensation, the state allows banks to issue their own currency, but only 1% of the total amount of all currencies can be issued each yearin this way, all people can enjoy the free service of the bank, but they have to bear 1% inflation virtually. In fact, it's easy for people to accept the immediate benefits - free services (which is the essence of the Internet model), without considering the impact of long-term inflation
this is the basic principle of the issuance and operation of bitcoin. Miners contribute a lot of computing power to maintain the operation and stability of bitcoin network, and in the process of computing, miners can get the new issue of bitcoin. Although inflation has actually occurred, the money in my wallet has not decreased, has it
and a clever design of bitcoin is that there are fewer and fewer new bitcoins, and the new bitcoin issue is decaying, so although bitcoin is not the deflationary currency that most people think, its inflation rate is really getting lower and lower, and finally tends to zero, and once the irrecoverable loss of bitcoin occurs, it will deflate
take chestnuts as an example. Lilac browser is now in the early stage of promotion. You can get a lot of bitcoin dividends every day by using this browser, realizing mining in your spare time.
bitcoin Mining: using computer hardware to calculate the location of bitcoin and obtain the process is called mining
bitcoin can change money
but the total amount of these things is fixed. They have been g for decades, and there is not much to dig, unless you are the God of technology